URANIUM 1.02% $24.70 uranium futures

With respect those fundamentals are rubbery. The building of...

  1. 43,855 Posts.
    lightbulb Created with Sketch. 1030
    With respect those fundamentals are rubbery. The building of reactors was talked about in 2005 when I got involved heavily, in fact too heavily at the time. My first bubble experience and that bubble lasted a long longer than the next few that succeeded

    I was salivating reading all those ‘new’ reactors planned and drawing board stage, hundreds. Even Saudis were getting in. Fukushima destroyed completely that sentiment and you don’t hear any more chatter even from China regarding fast tracking their build up. On top every year during hurricane/earthquake season as a holder with exposure has the potential to relive that fateful Friday morning when I got a news alert about a Japanese quake. Didn’t think anything if it until the close of business!

    However if I had lazy money without the need for returns or destined usage, I would give this a punt. Not in this situation and need money that never sleeps so even a blind crypto charge would have been instant gratifying. Li, Zinc, cobalt, nickel are glowing again to contemplate. Personally suspect this spike will Peter out just like the one in January. Best of luck.
 
watchlist Created with Sketch. Add URANIUM (NYMEX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.